Question 1

Can I use Airbnb income to qualify for a DSCR loan in Carmel?

Accepted Answer

Most DSCR lenders want a signed long-term lease, not STR projections. Some accept market rent appraisals. Ask before assuming your Airbnb numbers count.

Question 2

What down payment do I need for an investment property here?

Accepted Answer

Plan on 20-25% minimum for DSCR loans. Hard money lenders may go higher. Some bridge products allow less with cross-collateral.

Question 3

How fast can I close on a Carmel investment property?

Accepted Answer

Hard money can close in 5-10 days. DSCR typically takes 2-3 weeks. Conventional investor loans run 30-45 days.

Question 4

Will my personal tax returns affect my investor loan approval?

Accepted Answer

Not for DSCR or hard money loans. Those programs skip personal income entirely. The property's numbers — or your assets — drive the deal.

Question 5

Are there loan limits on DSCR investor loans in Monterey County?

Accepted Answer

DSCR loans are non-QM, so conforming limits don't apply. Lenders set their own maximums. Jumbo DSCR options exist for high-value Carmel properties.

Investor Loans in Carmel By The Sea